$LITE SHORT SETUP ... REJECTION FROM THE TOP?
LITE is approaching a critical resistance zone after a strong rally. Price has touched 634.19, and early signs of selling pressure are emerging.
SHORT Entry: 627.12
TP1: 610
TP2: 590
TP3: 570
SL: 555 (needs correction ... below entry)
The recent rally has pushed price into resistance, where profit-taking could trigger a sharp pullback. A confirmed rejection from 634 could strengthen the bearish setup, while a breakout above this level would weaken it.
Final Target: 570 ... Bears need to defend resistance
$LITE
LITE is approaching a critical resistance zone after a strong rally. Price has touched 634.19, and early signs of selling pressure are emerging.
SHORT Entry: 627.12
TP1: 610
TP2: 590
TP3: 570
SL: 555 (needs correction ... below entry)
The recent rally has pushed price into resistance, where profit-taking could trigger a sharp pullback. A confirmed rejection from 634 could strengthen the bearish setup, while a breakout above this level would weaken it.
Final Target: 570 ... Bears need to defend resistance
$LITE
